Anta Sports scores full points with IPO

The sportswear manufacturer raises $406 million and rounds off a six-month period in which Hong Kong and Chinese issuers have raised $37.6 billion worth of equity.

Chinese sportswear manufacturer Anta Sports Products has priced its initial public offering at the top end for a total deal size of HK$3.17 billion $406 million after attracting strong demand from both institutional and retail investors.

Along with the China consumption story, which is highly popular with investors, Anta also has the added attraction of the upcoming 2008 Beijing Olympics, which is expected to lead to a pickup in spending on sportswear and give the leading players in the...